Steve Cutler To Be Appointed As Vice Chairman Of JPMorgan - Quick Facts

(RTTNews) - JPMorgan Chase (JPM) announced that Stacey Friedman, General Counsel of the company's Corporate & Investment Bank, will succeed Steve Cutler as General Counsel of the firm early next year, when Cutler will be appointed Vice Chairman of the firm.

Friedman will report to Cutler and act as his deputy for the rest of this year, and she will join the company's firm-wide Operating Committee next year when her new role becomes effective.

Both Cutler and Friedman will report to Chairman and CEO Jamie Dimon next year in their new roles.

Cutler, in his role next year as Vice Chairman of the Company, will act as a senior advisor to Jamie Dimon and other executives across the firm, as well as to the company's Board of Directors. He will continue to assist on complex legal issues, including key matters that are already in progress. Cutler is expected to advise on important corporate governance and shareholder matters, as well as regulatory issues and culture initiatives.